Meta's 'Meta Compute' launch sent Nebius and CoreWeave shares down 15% each. Here's what it means for the neocloud sector and the investors holding these

Top neocloud stocks like Nebius, IREN, and CoreWeave are falling as data shows that their short interest has continued rising

July 1 : Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter. The move…